Qatar Extends LNG Force Majeure as Hormuz Crisis Drags On
State-owned QatarEnergy has extended the force majeure on LNG deliveries to Asia and Europe by another month through the end of November, as LNG cargo traffic through the Strait of Hormuz remains largely blocked amid the protracted U.S.-Iran stalemate over the chokepoint and pathways to end the war.
Source: OilPrice.com
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DW NOTE
Qatar is the world's largest LNG exporter. Three months into the Hormuz closure, it still cannot ship through the Gulf — so it cannot ship at all. Force majeure is the legal term for "we signed a contract we physically cannot honour." Every day Qatar extends it is another day Europe and Asia learn what energy security without the Gulf actually costs.